Rreef America Planning 8M-SF Industrial Sale

(Read more on the industrial market.)

DALLAS-Before the week’s out, CB Richard Ellis’ powerhouse broker Jack Fraker and his team will unleash an 8.34-million-sf industrial portfolio to investors already circling for the opening play. The 89-property Rreef America industrial portfolio spans 12 major metros, all infill sites and mostly national tenants with long leases.

The class A portfolio is the result of five years of piecemeal buying. In looking at its entire portfolio, the industrial component was heavily weighted so the San Francisco-based giant decided it needed to part with some deeds. “It’s mostly a balancing effort,” Fraker tells GlobeSt.com. “They’re going to maintain positions in all these cities. They like the fundamentals in all these cities.”